China fuel oil front-month contract surged 8.00% intraday to 4,115 yuan/ton.

Tasnim reported Iran's parliament speaker Ghalibaf warned that if adversaries escalate a maritime blockade to stop Iran exporting oil from the Persian Gulf, Iran would respond militarily and no country would be able to export oil from the region. He said opponents' economic campaign is mainly psychological and that most newly announced sanctions already existed, adding that a maritime blockade constitutes military action under international law.

President Trump said the Senate should promptly confirm his nominees so he can continue the outstanding work of the past four months.